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CoreCivic names outgoing chief corrections officer to board, amends bylaws

CoreCivic Inc. named Harley Lappin to its board, expanding the number of directors to 10 from nine, eight of whom are independent.

Lappin will assume his board seat effective Jan. 1, 2018, when he retires as executive vice president and chief corrections officer of the company.

The company's board of directors also amended its bylaws to allow shareholders to amend the bylaws by affirmative majority stockholder votes.

Proposed amendments must be submitted by a stockholder or a group of up to five stockholders who have held 1% or more of the company's outstanding common stock for at least a year. No proposal may alter, repeal or be inconsistent with the bylaws providing for indemnification of directors and officers or the new bylaw.